Author Topic: Understanding (or tying to) the process  (Read 2815 times)

elindocain

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Understanding (or tying to) the process
« on: June 21, 2017, 06:26:35 PM »
Hi! I apologize if this is the wrong place to post, the borrower forum doesn't have active conversations.  Can you tell if loan 111417190 is available in whole, fractional or both?  Application submitted on Friday, but no funding update to date.

Lovinglifestyle

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Re: Understanding (or tying to) the process
« Reply #1 on: June 21, 2017, 08:38:22 PM »
It is not visible to me by LC browse keyword (ID #) nor on PeerCube search (Loan ID not found).  Doesn't mean it is not available in whole or institutional (I think).

elindocain

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Re: Understanding (or tying to) the process
« Reply #2 on: June 21, 2017, 09:27:17 PM »
Thank you. I don't know why it would not be available for crowdsource for funding. Thank you again.

Lovinglifestyle

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Re: Understanding (or tying to) the process
« Reply #3 on: June 21, 2017, 09:37:10 PM »
One I bought today, the 21st, was first available today although it was submitted on the 17th at 10:45 A.M.  Hang in there--!

elindocain

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Re: Understanding (or tying to) the process
« Reply #4 on: June 23, 2017, 01:10:35 PM »
It's a strange process.  I spoke to their Customer Support team who confirmed funding is at 0% 7 days into the process. However when you logged in, the loan doesn't show available for investors.  I doubt that I fell through some ambiguous crack, but it's odd that there is no funding a week into the process.   

Debt Free

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Re: Understanding (or tying to) the process
« Reply #5 on: June 23, 2017, 01:49:31 PM »
Ironically I just read an article comparing Lending Club to other online lenders.  This is one of the items pointed out that Lending Club says their loan process "typically takes about 7 business days."

fliphusker

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Re: Understanding (or tying to) the process
« Reply #6 on: June 23, 2017, 08:34:53 PM »
Just sounds like it is listed in the "whole" loan market, not fractional.

apc3161

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Re: Understanding (or tying to) the process
« Reply #7 on: June 23, 2017, 10:07:51 PM »
Just sounds like it is listed in the "whole" loan market, not fractional.

Whats the process for determining whether a loan goes to the whole or fractional market?

Fred93

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Re: Understanding (or tying to) the process
« Reply #8 on: June 24, 2017, 04:57:01 AM »
Just sounds like it is listed in the "whole" loan market, not fractional.

Whats the process for determining whether a loan goes to the whole or fractional market?

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